Good question. I'm looking at the free float and price to give me a working market cap. I exclude all restricted shares from the MC. Those are usually the control block that will make up any change of control deal. Plus they are out of the game anyways.
So I take the float X price to get a market cap. Then a good guess what a good shell goes for? $150k up. The sky's the limit. Ive seen many shells sold for the $150k range. A Krew like Synergy or Belasarian will take a low sells price and have a block of restricted or preferred shares if they see the incoming company euth massive potential. If not they sell the control block for as much as they can get and call it a day. Etrade gives a MC of $4k on a 401k O/S The float from OTCM is posted at 67,600 shares. 67,600 x .01 ain't shit. If you can get any. Slapping the Ask might be the only way. I'll slap for a starter then stagger my BIDs from 50% then down every 20%
There will be no volume in this. It's dead money trying to get some. I wind up using funds like this elsewhere. Like on the AZRH buy back event.